Spectre Integrates Chainlink’s Price Feeds Directly Into New DeFi Boost Wallet

The team at Spectre.ai, the world’s first fraud-free and broker-less retail financial trading platform is excited to announce they are actively consuming Chainlink’s widely used price reference data to correctly price DeFi assets traded and managed in their brand new DeFi Boost wallet.

Why Chainlink?

Spectre selected Chainlink as their go-to oracle solution because it:

  • Provides strong security guarantees of fresh data, using a decentralized network of secure, Sybil-resistant node operators to ensure high availability and tamper-resistance data delivery.
  • Sources high-quality data from multiple independent off-chain data aggregators, guaranteeing our systems have accurate prices that represent the volume-adjusted aggregate across all trading environments.
  • Gives users on-chain visualizations that allow them to independently monitor the health and real-time prices of the of oracle network as a whole and the individual nodes that comprise of it.
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It is for these reasons, and more, that Chainlink is the market-leader in blockchain oracle solutions, securing over $3B in value for DeFi applications. Spectre’s aim is to provide their users with the best infrastructure to ensure the most optimal trading experience, hence their integration with Chainlink.

Understanding Spectre

Spectre is a digital contracts trading platform that already reaches over 46,000 traders. It allows users to trade on the direction of hundreds of assets including popular currencies, commodities, stocks and reverse futures known as EPICS, and earn up to 400% ROI, even on weekends! With trade execution times of a few milliseconds and no trade fees or gas cost, Spectre has taken a leap ahead of competitors.

Spectre has always offered their users the option of an off-site decentralized wallet account alongside regular centralized accounts for those who prefer to trade the traditional way. What makes it unique and extremely safe is the fact that our platform registers its trades on the blockchain where it is verified across the publicly distributed ledger network. With their optional wallet account, users never have to deposit in order to trade, ensuring total transparency and complete safety of client funds.

Using Chainlink Oracles in Spectre’s DeFi BOOST wallet

Spectre is now taking this one step further with the introduction of a DeFi Boost wallet. This will allow users to trade and deposit their top DeFi coins to earn between 70–400% within a few seconds to a few hours depending on how they construct their digital contract. Spectre’s Hyper API instantly matches buyers and sellers and, in the event of a liquidity shortfall, the DALP — global decentralised and autonomous liquidity pool — steps in, ensuring constant liquidity 24/7.

Real-time cryptocurrency price data is therefore a necessity, and to that end the DeFi BOOST wallet is only possible thanks to the live Chainlink integration. Chainlink is providing Spectre with price feeds for USDC, LINK, SNX, AAVE, PAX, KNC, SXDT, and SXUT. This means traders will always be able to see the price and balance of the DeFi coins, giving them an even more robust set of tools to properly manage their portfolios on Spectre.

Ian Buck, Spectre’s Head of IR, said: “We’re thrilled to be integrating Chainlink’s market-leading decentralized price reference data as Spectre’s exclusive oracle feed. The high-quality data and on-chain transparency will provide our users with strong guarantees that they are always paying the fair market price when managing their portfolio. This will further enhance our company’s core strengths, as well as position us strongly for the future in the rapidly evolving financial trading and blockchain industries.”

Integrating Chainlink’s world-class oracle technology will strengthen Spectre’s DeFi BOOST wallet with secure, decentralized price data. Spectre’s scalability combined with Chainlink’s oracles will ensure secure, truly reliable DeFi trading on the Spectre platform.

The Spectre DeFi BOOST wallet is expected to go “live” by October (or earlier).

About Chainlink

Chainlink is an open-source blockchain abstraction layer for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs. It provides oracles to leading DeFi applications like Synthetix, Aave, and Kyber Network; numerous blockchains such as Ethereum, Polkadot, and Tezos; as well as large enterprises including Google, Oracle, and SWIFT.

Regulatory Notice: Spectre.ai is strictly closed to U.S citizens. Trading and investing involves high risk and you can lose all your money.

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EDITOR TCRhttp://www.thecoinrepublic.com
The Official profile of the Editor of TheCoinRepublic. News and articles published under this section are mostly public opinions.

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